The Preview
Just like anything else, financial strategies can become outdated. Those rules of thumb that people have relied on for years might not make much sense anymore. Today we’ll look at three strategies that you may be mistakenly basing your retirement plan around.
Subscribe With Your Favorite App
[podcast_subscribe id=”1374″]
The Game Plan
Planning for retirement includes a lot of general guidance that everyone should be following.
Then there are those rules of thumb that have been used by a lot of people but just aren’t accurate any longer. Think of it like technology. At some point, what was working for you 20 years ago no longer makes sense to use. It’s true for any number of reasons but as times change, so should your tools.
So we’re going to talk about three financial ‘strategies’ that often get cited by people but shouldn’t be a part of your plan. By the end of this episode of the Retirement Game Plan, hopefully you’ve scrapped any thought of using these general rules.
Here’s what you’ll hear about:
The 4% rule – It often gets suggested that you can withdraw four percent of stock/bond portfolio every year in retirement.
The 10-5-3 rule – This is the idea that you should get a 10% annual return on stocks, 5% return on bonds, and 3% return on cash.
The Million Dollar assumption – Many people believe – for whatever reason – that a million dollars is the number to reach for retirement.
Join us as we break each of these down and talk about why they don’t just don’t apply.
Listen to the full episode in the player above or click on the timestamps below to hear Mark’s answer to a specific question.
The Plays
1:09 – First one: The 4% rule on withdrawing money.
3:54 – Second: The 10-5-3 rule on returns.
9:11 – Third: The Million Dollar retirement assumption
Get In Touch
Call 408-241-0017 or schedule a meeting.
CONTACT US
Phone: 408.241.0017
Fax: 408.241.0107
Email Us!
OUR LOCATION
6379 Clark Ave., Suite 220
Dublin, CA 94568
Get Directions
We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
By providing your contact information, you may be offered information regarding the purchase of insurance products. CA# 0B06466
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.
Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured.
The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.
Privacy Policy | Terms of Use
J. Mark Truttman: Published Author of
Retirement Roulette: Are You Putting Your Retirement Years at Risk?
